This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Managerial economics is best defined as A) the study of economics by managers. B) the study of ... (Read 171 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
on: Jul 1, 2018
Managerial economics is best defined as
 
  A) the study of economics by managers.
  B) the study of the aggregate economic activity.
  C) the study of how managers make decisions about the use of scarce resources.
  D) All of the above are good definitions.

Question 2

If the market demand elasticity is constant at -3 and a monopolist's MPL = 1.2L-0.5, then the labor demand for the monopoly is
 
  A) 0.8PL-0.5.
  B) 0.4PL-0.5.
  C) 0.8PL-2.
  D) 0.4PL-2.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bhavsar

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


armygirl

  • Member
  • Posts: 556
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Gaser and Schlaug's study of the size of visual, motor, and auditory nuclei in the brains of mu Gaser and Schlaug's study of the size of visual, motor, and auditory nuclei in the brains of mu
Oceanic Crust Has a Well-defined Internal Structure Oceanic Crust Has a Well-defined Internal Structure
Eugène Delacroix, Study for The Death of Sardanapalus. Eugène Delacroix, Study for The Death of Sardanapalus.
Leonardo da Vinci, Study of Human Proportion: The Vitruvian Man. Leonardo da Vinci, Study of Human Proportion: The Vitruvian Man.
The areas in which reading-associated increases in activity were observed in the fMRI study of ... The areas in which reading-associated increases in activity were observed in the fMRI study of ...
These findings are from Colby and Kohlberg's long-term longitudinal study These findings are from Colby and Kohlberg's long-term longitudinal study
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library